ZHAO JIAZHEN enters PDD HOLDINGS INC. with 64.00 shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Derivatives

ZHAO JIAZHEN

Filed: 3/18/2026ACC: 0001104659-26-031568

InsiderZHAO JIAZHENCIK 1983928

→

IssuerPDD HOLDINGS INC.CIK 1737806

DirectorOfficer· Co-Chief Executive Officer

Since Mar 2026

64.00

Baseline shares

100% direct

64.00

Direct ownership

1 position

1.70M

Derivative underlying

9 instruments

Security positions

All direct

Non-Derivative Holdings1

ADSs

Direct

Shares owned64.00

Total

64.00 direct64.00

Security Title	Shares Owned	Ownership Type
ADSs	64.00	Direct
Total	64.00	64.00 direct

Derivative Holdings9

Options (right to buy)

Direct

Underlying security

ADSs

Underlying shares

225K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Options (right to buy)

Direct

Underlying security

ADSs

Underlying shares

37.50K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Options (right to buy)

Direct

Underlying security

ADSs

Underlying shares

150K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Options (right to buy)

Direct

Underlying security

ADSs

Underlying shares

112.50K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Options (right to buy)

Direct

Underlying security

ADSs

Underlying shares

93.75K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Options (right to buy)

Direct

Underlying security

ADSs

Underlying shares

225K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Options (right to buy)

Direct

Underlying security

ADSs

Underlying shares

727.53K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Options (right to buy)

Direct

Underlying security

ADSs

Underlying shares

75K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Options (right to buy)

Direct

Underlying security

ADSs

Underlying shares

50K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

1.70M

Owned

0.00

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Options (right to buy) Direct	ADSs	—	—	225K	N/A
Options (right to buy) Direct	ADSs	—	—	37.50K	N/A
Options (right to buy) Direct	ADSs	—	—	150K	N/A
Options (right to buy) Direct	ADSs	—	—	112.50K	N/A
Options (right to buy) Direct	ADSs	—	—	93.75K	N/A
Options (right to buy) Direct	ADSs	—	—	225K	N/A
Options (right to buy) Direct	ADSs	—	—	727.53K	N/A
Options (right to buy) Direct	ADSs	—	—	75K	N/A
Options (right to buy) Direct	ADSs	—	—	50K	N/A
Total				1.70M	0.00